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...OpenAI has launched a charm offensive in Hollywood, holding meetings with major studios including Paramount, Universal and Warner Bros Discovery to showcase its video generation technology Sora and allay...
...Warner Bros Discovery reported a 7 per cent drop in revenue and a $1bn quarterly loss as shrinking traditional television audiences weighed on the owner of HBO, CNN and the eponymous movie studio....
...The group, which owns CNN and the Warner Bros studio, reported revenue of $10.3bn, down 7 per cent from a year ago and just short of the $10.4bn analysts had predicted....
...Warner Bros Discovery is to launch its Max streaming service across Europe, bringing together popular TV shows such as The White Lotus with movies like Barbie to challenge market leaders Netflix and Disney...
...Meanwhile, Warner is still digesting the acquisition of Warner Brothers from two years ago. This has disappointed on savings and profits. Warner’s shares are since down more than half....
...Warner Bros Discovery and Paramount Global are in early talks to merge, in a media deal that would combine the owner of HBO and CNN with the studio behind the Mission Impossible films and CBS News....
...Other companies: Warner Bros Discovery, Constellation Energy, Roblox and Hyatt will report earnings before the bell....
...Warner Bros Discovery shares were on course for their biggest daily drop in a more than a year after the entertainment group warned investors that it was “unlikely” to meet its debt payment goals....
...Disney’s ESPN, Fox and Warner Bros Discovery plan to launch a new streaming service later this year that will aggregate all of the sports broadcasts offered by their traditional TV networks....
...Disney: Investors will be focused on growth in the company’s streaming business and will be keen to hear updates on its plan to create a sports content venture with Fox and Warner Bros Discovery....
...Disney’s ESPN, Fox and Warner Bros Discovery plan to launch a new sports streaming service later this year that will aggregate all of the games offered by their traditional TV networks....
...The company behind HBO, CNN and the Warner Bros movie studio has been focused on cutting costs and trimming its debt following the $40bn merger of Warner with Discovery last year and against the backdrop...
...Warner Bros Discovery, which produced the $190mn film alongside Legendary Entertainment, needs Dune: Part Two to perform well....
...Disney’s ESPN, Fox and Warner Bros Discovery plan to launch a sports streaming service later this year that will aggregate the games offered by the media groups’ traditional television networks....
...After leaving the company that further deals would turn into Warner Bros Discovery, Levin married his third wife, Laurie Ann Levin, who ran a holistic healing institute in Los Angeles....
...In a rush to gain market share, Paramount, Warner Bros, and NBCUniversal have poured billions into streaming....
...Warner Bros Discovery managed to significantly narrow losses in its streaming division in the second quarter, in a sign the company remains on track with its goal for the unit to be profitable in 2023....
...David Zaslav, the chief executive of Warner Brothers Discovery, said on Thursday that the US media company was “in the business of storytelling”....
...Zucker, a former CNN boss, said the group would consider looking at the network if it was ever put up for sale by its owner Warner Bros Discovery but that it was “not something that we’ve ever looked at...
...Warner Bros Discovery: The entertainment group will report its latest quarterly earnings before Wall Street’s opening bell. Investors will be keen for updates on its streaming efforts....
...The company, which owns HBO, the Warner Bros movie studio and CNN, reported a quarterly loss of $1.2bn, down from $3.4bn a year ago....
...RedBird IMI has agreed to acquire All3Media, the London-based TV and film production company behind Fleabag and Squid Game: The Challenge, from Warner Bros Discovery and Liberty Global for £1.15bn....
...It also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
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